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Is "metaverse" the new "blockchain"?

I.e. the thing all the lunatics believe will radically change our universe, but will eventually turn out to be one big niche thing that almost nobody will care about in 3-5 years from now?

Remember "revolutionary" 3D movies and when everyone and their mothers were rushing to buy VR headsets, if it didn't succeed back then I fail to see how it could now
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Maybe they’re still preparing against the millennium bug that should have ended civilisation back in 2000.